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“Samara-Amazon to acquire ABRL’s More: The transaction is said to be valued at around Rs4,200 crore,” reported Mint. “Private equity firm Samara Capital along with Amazon.com Inc., the world’s largest online retailer, have agreed to buy Aditya Birla group’s food and grocery retail chain, More, for an undisclosed sum.”

Cyril Amarchand Mangaldas advised joint buyer Samara on the transaction, led by managing partner Cyril Shroff, with partnersShagoofa Khan and Manu Varghese on the corporate and structuring elements. Competition law filing was led by partner Anshuman Sakle with strategic inputs from partnerAvaantika Kakkar.

P&A Law Offices acted for Amazon, which formed the buying joint venture with Samara, led by managing partnerAnand S Pathak and partnerShashank Gautam, as well as senior associateSreemoyee Deb and associateAnubhuti Mishra.

2018-09-19

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